# PPP loan: HERMITAGE ELECTRIC SUPPLY
> **$1.11M** approved 04/07/2020 · Paid in Full · Loan `7285157009`
## Borrower
- **Name:** HERMITAGE ELECTRIC SUPPLY
- **Address:** 531 Lafayette St, NASHVILLE, TN, 37203-4224
- **NAICS:** 444110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $886K
- **Rent:** $52K
- **Utilities:** $25K
- **Health care:** $120K
- **Debt interest:** $25K
- **Jobs reported:** 87
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*